If you are working in Canada, then you must know that there has been a new minimum wage announcement. Let’s have a brief overview in this blog. There are major changes done to Canada’s minimum wage structure, and to ensure that workers get fair compensation, many provinces have announced the updates.
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Effective 1 October 2023, Ontario will increase the minimum wage to $16.55. The previous rate was $15.50, and now there will be a $1.05 rise. The increments will ensure that full-time workers with minimum wage receive a substantial boost in their annual salary.
From 1 October, Manitoba will also increase their minimum wage to $15.30 per hour from $14.15, showcasing their commitment to the workforce.
This year, Nova Scotia will offer a second minimum wage increase from 1 October 2023. The wage will increase from $14.50 to $15.
From 1 October, Saskatchewan will also increase $1 to the minimum wage of $14 per hour.
Newfoundland and Labrador
Marking the second hike in 2023, on 1 October, Newfoundland and Labrador will increase the minimum wage to $15 per hour.
Prince Edward Island
These changes in the minimum wage showcase the country’s dedication to offering fair living standards to all residents. For potential migrants and employers, it is important to stay updated about Canadian immigration news.
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